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Cuba Recognizes Cryptocurrencies | This Week in Crypto – Aug 30, 2021

 MicroStrategy buys more bitcoin, Cuba recognizes cryptocurrencies and free BTC for everybody in town…but which town? These stories and more this week in crypto. NASDAQ-listed business intelligence company MicroStrategy announced yet another substantial purchase of Bitcoin, this time worth nearly $200 million. The firm added 3,907 bitcoin to its stash, at an average price of just over $45000 per coin bringing its total holdings to nearly 109,000 bitcoins. Cuba will recognize and regulate cryptocurrencies citing “reasons of socio-economic interest.” The central bank will set new rules for how to

Making DeFi mainstream: An interview with FEG token Marketing Manager Chris

Although the DeFi space is growing significantly, it still lacks mass adoption. Another issue faced is by novice users in the space who can fall prey to scams and rug pulls easily. FEG Token is built to provide a decentralized transaction network that operates on Ethereum and Binance Smart Chain blockchains. The multi-chain exchange, FEGex, offers decentralization and is driven by its community. In conversation with Chris, the Marketing Manager for FEG Token, we talk about the DeFi space, FEGex’s solution, FEG Token, and much more. 1. According to you,

Ethereum Issuance Drops Below Bitcoin’s For the First Time, Why This May Lead to a New Rally

Ethereum has been on a rally for the past week, moving from a two-month low at $1,700 to its current level at $3,223. Several factors have pushed the crypto market into a new rally, but most seem to gravitate around ETH and its ecosystem. ETH moves sideways into the weekend on the 24-hour chart. Source: ETHUSD Tradingview After the implementation of EIP-1559, Ethereum’s native token became a deflationary asset due to the change in its fee mechanism. To validate transactions on the network a portion of ETH is “burn”, meaning

Finding the Best PR and Marketing Agency for Your Blockchain, NFT, and DeFi Projects

Blockchain technology and its underlying use cases are currently the “talk of the town.” With each passing day, its popularity has grown, especially since introducing cryptocurrencies such as Bitcoin and, more recently, Ethereum. Everyone wants a piece of the action and wants to learn about and understand the technology heralded as the world’s future. Unfortunately, due to this technology’s technicalities, blockchain, despite being very popular and innovative, can be pretty challenging to understand. Several blockchain-based startups have emerged over the years, but most of them have failed due to an

Why this British billionaire’s family office wants more Bitcoin, crypto-investments

The growth of institutional investments in the mainstream cryptocurrency ecosystem, as well as in DeFi, has been phenomenal over the past year. A number of venture capitalists have made direct or indirect investments in the space through a number of channels. The latest addition to the same is British billionaire Simon Nixon. “Hard to ignore” The billionaire is planning to expand his crypto-allocations through his London-based venture capital firm Seek Capital. According to the Managing Director of the family office, crypto-assets have grown to acquire a significant share of interest

L2 Labs explores L2.Cash Protocol to bring Zk-Proofs to payment tools

L2 Labs Foundation, the high-profile software engineering team behind flagship Ethereum-based decentralized exchanges (DEXes), solidifies its stance as a prominent scaling infrastructure provider. Now it intensifies the research and development efforts addressing the one-stop payment solution for businesses and individuals. L2 Labs Foundation develops payment protocol powered by zk-proofs: What is L2.Cash? Seasoned blockchain developers from L2 Labs have shared the details of their new product, L2.Cash. It is going to allow decentralized applications and end-users to harness leading L2 scaling techniques of the Ethereum (ETH) universe, zk-proofs. The new

Bitcoin bullish cross on weekly chart paints $225K BTC price target if history repeats

Bitcoin (BTC) is wowing the market by holding $50,000, but a bullish metric is pointing to much larger potential gains.Data from TradingView now clearly shows that the weekly moving average convergence/ divergence (MACD) indicator for BTC/USD has flipped from red to green.Time for another 5.5X BTC price surge?There is no shortage of bullish BTC price indicators this month, with everything from exchange balances to network fundamentals infirmly optimistic mode.MACD, which produced a rare crossover earlier in August, nonetheless adds the potential for upcoming gains to be an order of magnitude

Visa invests $150,000 in NFT CryptoPunk Asset

Credit card giant Visa has made a substantial splash on its emergence into the nonfungible token (NFT) space with a $150,000 acquisition of a CryptoPunk, the collective of digital artworks that pioneered the mainstream culture of the space back in 2017.In a blog post announcement released on Monday, Cuy Sheffield, head of crypto at Visa and self-proclaimed NFT enthusiast, shared his views on the value of purchasing NFT assets in the digital economy, the vast growth of the market in the past few years, as well as Visa’s commercial incentives in this

TikTok Chooses Blockchain-Powered Audius for First Music Integration

If TikTok is a window into what teens are up to these days, then crypto has a place beside dance videos. On Aug. 17, blockchain-based music streaming protocol Audius announced its partnership with TikTok to allow one-click sharing with the social network.  This is the first music integration TikTok has established. The upshot of the partnership is that a social media giant is betting on a blockchain-powered app before streaming behemoths like Spotify and Apple Music. This signals that Audius, at least, may be ready for primetime and mainstream adoption. With Audius’ goal

TRON Launches $300 Million Fund for GamiFi Projects

With the increasing interest in blockchain gaming, the popular blockchain platform, TRON, has recently announced the launch of a new $300 million fund dedicated to supporting GameFi projects. TRON Launches $300M Fund to Support Game Developers In a press release shared with CryptoPotato, TRON noted that the fund dubbed TRON Arcade was launched in collaboration with the leading NFT project, APENFT, and the DeFi project, WINKLink. TRON Arcade is geared toward supporting developers to create games using the play-to-earn mechanism, thus building a robust DeFi content and entertainment community in

NuGenesis Network Full Review (Part 2)

The blockchain ecosystem, that is taking the world of technology by stormWe are living in a world of rapid change and innovation. Everything around us is changing at an exponential rate and it is shifting the world from one idea to another, not simply to engage and impress people, but to encourage them to have fun, earn a good livelihood, build wealth and secure a stable financial future.Also Read: A Comprehensive Review of the NuGenesis Network (Part 1 of 6)Since 2009, a spotlight has been shone on a new technology